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Neuroprosthetics Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 129
  • SKU: IRTNTR74318
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The neuroprosthetics market share is expected to increase by USD 4.59 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.36%.

This neuroprosthetics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers neuroprosthetics market segmentation by application (neuromodulation devices and cognitive devices) and geography (North America, Asia, Europe, and the Rest of the World (ROW)). The neuroprosthetics market report also offers information on several market vendors, including Abbott Laboratories, Boston Scientific Corp., BrainGate, Cochlear Ltd., EMOTIV Inc., and HI LLC dba. Kernel, MED EL Elektromedizinische Gerate GmbH, Medtronic Plc, NeuroMetrix Inc., NeuroPace Inc., Nevro Corp., Paradromics Inc., SensArs, Sonova Holding AG, Soterix Medical Inc., and Zynex Inc. among others.

What will the Neuroprosthetics Market Size be During the Forecast Period?

Neuroprosthetics Market Size

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Neuroprosthetics Market: Key Drivers, Trends, and Challenges

The increasing prevalence of neurological disorders is notably driving the neuroprosthetics market growth, although factors such as the high cost of neuroprosthetic products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the neuroprosthetics industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Neuroprosthetics Market Driver

The increasing prevalence of neurological disorders is one of the major drivers impacting the neuroprosthetics market growth. Neuroprosthetics is an emerging and promising therapeutic modality that is used when other usual treatments fail to cure the disease or condition. For example, foot drop is a medical condition when an individual experiences weakness or paralysis of the muscles that control the foot. This condition causes difficulty in walking. In such disorders, functional electrical stimulation using WalkAide, a neuroprosthetics device, enables people to walk faster and longer distances with less fatigue. It is useful for individuals suffering from various kinds of neurological disorders. Neurological disorders like MS, which affect the spinal cord and the brain, cause medical symptoms such as weakness and tingling of the muscles and blurred vision. MS is most commonly prevalent in countries such as Australia, New Zealand, Canada, Norway, France, Germany, and the US. Therefore, neuroprosthetic technologies, such as vagus nerve stimulation (VNS), SCS, DBS, and sacral cord stimulation, are growing rapidly in developed countries like the US, Canada, and Australia, as many people have neurological disorders like MS, stroke, and SCI. 

Key Neuroprosthetics Market Trend

Increasing focus on research is one of the major trends influencing the neuroprosthetics market growth. Various scientific publications have recognized the effectiveness of neuroprosthetic devices in regaining and increasing muscle strength and ensuring continence, providing pain relief, and restoring body movement, including that of the limbs and arms. Over the years, there has been dedicated research involving the use of neuroprosthetic devices such as deep brain stimulators and nerve stimulators, which use an electrical current to stimulate a paralyzed muscle that is damaged or disabled. These research studies aim to provide greater mobility to people with neurological disorders who are undergoing treatment or rehabilitation therapy. Research studies indicate that neuroprosthetic devices restore motor functions. For instance, individuals with MS experience an increased range of motion in the lower limbs by using neuroprosthetic devices. Such devices have been proven to be an efficient therapeutic tool by various research studies. The increasing number of clinical trials conducted to validate neuroprosthetic devices, as well as rising awareness about such devices among medical professionals, are expected to propel the growth of the global neuroprosthetics market during the forecast period.

Key Neuroprosthetics Market Challenge

The high cost of neuroprosthetic products is one of the major challenges impeding the neuroprosthetics market growth. With the rise in the prevalence of neurological diseases and the increasing use of neuroprosthetics in various healthcare institutions such as hospitals and ASCs, the demand for neuroprosthetic devices has increased in various developed and developing countries. However, neuroprosthetic devices are very expensive as most insurance companies do not pay reimbursements for these devices. Health insurance generally only covers prosthetic limbs, but its coverage largely depends on the amputation level and the individual's physical condition. The initial cost of treating an individual using neuroprosthetics is high, especially for implantable devices. According to the NHS, the cost of surgical implantation of a neuroprosthetic device is very high. Computer-assisted devices cost $20,000-$30,000. These devices are very precise and take readings in milliseconds. According to McGimpsey and Bradford's report on Limb Prosthetics Services and Devices, a neural prosthetic arm may cost up to $100,000. Currently, a normal prosthetic limb costs $3,000-$30,000. A fully functional modular prosthetic limb presently costs around $500,000 to manufacture. 

This neuroprosthetics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global neuroprosthetics market as a part of the global life science tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the neuroprosthetics market during the forecast period.

Who are the Major Neuroprosthetics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • Boston Scientific Corp.
  • BrainGate
  • Cochlear Ltd.
  • EMOTIV Inc.
  • HI LLC dba. Kernel
  • MED EL Elektromedizinische Gerate GmbH
  • Medtronic Plc
  • NeuroMetrix Inc.
  • NeuroPace Inc.
  • Nevro Corp.
  • Paradromics Inc.
  • SensArs
  • Sonova Holding AG
  • Soterix Medical Inc.
  • Zynex Inc.

 

This statistical study of the neuroprosthetics market encompasses successful business strategies deployed by the key vendors. The neuroprosthetics market is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their positions in the slow-growing segments.

The neuroprosthetics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Neuroprosthetics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the neuroprosthetics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Neuroprosthetics Market?

Neuroprosthetics Market Share by Geography

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41% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for the neuroprosthetics market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The high incidence of neurological diseases will facilitate the neuroprosthetics market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

Due to the rapid increase in the number of COVID-19 cases across North America, the CDC urged all clinics and hospitals to stop providing any treatment other than urgent or emergency care services. Furthermore, the economic recession and disrupted supply chains triggered by the pandemic also affected operations in clinics and hospitals. Owing to these factors, the market for neuroprosthetics declined in North America in 2020. 

What are the Revenue-generating Application Segments in the Neuroprosthetics Market?

Neuroprosthetics Market Share

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The neuroprosthetics market share growth in the neuromodulation devices segment will be significant during the forecast period. Neuromodulation devices provide direct stimulation to the nervous system using electrical signals and have wide-ranging potential applications in replacing impaired neural function. These devices are useful in treating movement-related disorders and unmanageable chronic pain

This report provides an accurate prediction of the contribution of all the segments to the growth of the neuroprosthetics market size and actionable market insights on post COVID-19 impact on each segment.

 

Neuroprosthetics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.36%

Market growth 2022-2026

$ 4.59 billion

Market structure

Fragmented

YoY growth (%)

9.88

Regional analysis

North America, Asia, Europe, and Rest of World (ROW)

Performing market contribution

North America at 41%

Key consumer countries

US, Canada, Germany, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Abbott Laboratories, Boston Scientific Corp., BrainGate, Cochlear Ltd., EMOTIV Inc., HI LLC dba. Kernel, MED EL Elektromedizinische Gerate GmbH, Medtronic Plc, NeuroMetrix Inc., NeuroPace Inc., Nevro Corp., Paradromics Inc., SensArs, Sonova Holding AG, Soterix Medical Inc., and Zynex Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Neuroprosthetics Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive neuroprosthetics market growth during the next five years
  • Precise estimation of the neuroprosthetics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the neuroprosthetics industry across North America, Asia, Europe, and the Rest of the World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of neuroprosthetics market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Neuromodulation devices - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Neuromodulation devices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Neuromodulation devices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Neuromodulation devices - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Neuromodulation devices - Year-over-year growth 2021-2026 (%)
    • 5.4 Cognitive devices - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Cognitive devices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Cognitive devices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Cognitive devices - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Cognitive devices - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Asia - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 7.7 US - Market size and forecast 2021-2026
      • Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 Japan - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 Market opportunity by geography
      • Exhibit 78: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 79: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 81: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 82: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 83: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 84: Matrix on vendor position and classification
            • 10.3 Abbott Laboratories
              • Exhibit 85: Abbott Laboratories - Overview
              • Exhibit 86: Abbott Laboratories - Business segments
              • Exhibit 87: Abbott Laboratories - Key news
              • Exhibit 88: Abbott Laboratories - Key offerings
              • Exhibit 89: Abbott Laboratories - Segment focus
            • 10.4 Boston Scientific Corp.
              • Exhibit 90: Boston Scientific Corp. - Overview
              • Exhibit 91: Boston Scientific Corp. - Business segments
              • Exhibit 92: Boston Scientific Corp. - Key news
              • Exhibit 93: Boston Scientific Corp. - Key offerings
              • Exhibit 94: Boston Scientific Corp. - Segment focus
            • 10.5 Cochlear Ltd.
              • Exhibit 95: Cochlear Ltd. - Overview
              • Exhibit 96: Cochlear Ltd. - Business segments
              • Exhibit 97: Cochlear Ltd. - Key offerings
              • Exhibit 98: Cochlear Ltd. - Segment focus
            • 10.6 MED EL Elektromedizinische Gerate GmbH
              • Exhibit 99: MED EL Elektromedizinische Gerate GmbH - Overview
              • Exhibit 100: MED EL Elektromedizinische Gerate GmbH - Product / Service
              • Exhibit 101: MED EL Elektromedizinische Gerate GmbH - Key offerings
            • 10.7 Medtronic Plc
              • Exhibit 102: Medtronic Plc - Overview
              • Exhibit 103: Medtronic Plc - Business segments
              • Exhibit 104: Medtronic Plc - Key news
              • Exhibit 105: Medtronic Plc - Key offerings
              • Exhibit 106: Medtronic Plc - Segment focus
            • 10.8 NeuroMetrix Inc.
              • Exhibit 107: NeuroMetrix Inc. - Overview
              • Exhibit 108: NeuroMetrix Inc. - Product / Service
              • Exhibit 109: NeuroMetrix Inc. - Key offerings
            • 10.9 NeuroPace Inc.
              • Exhibit 110: NeuroPace Inc. - Overview
              • Exhibit 111: NeuroPace Inc. - Product / Service
              • Exhibit 112: NeuroPace Inc. - Key offerings
            • 10.10 Nevro Corp.
              • Exhibit 113: Nevro Corp. - Overview
              • Exhibit 114: Nevro Corp. - Product / Service
              • Exhibit 115: Nevro Corp. - Key offerings
            • 10.11 SensArs
              • Exhibit 116: SensArs - Overview
              • Exhibit 117: SensArs - Product / Service
              • Exhibit 118: SensArs - Key offerings
            • 10.12 Soterix Medical Inc.
              • Exhibit 119: Soterix Medical Inc. - Overview
              • Exhibit 120: Soterix Medical Inc. - Product / Service
              • Exhibit 121: Soterix Medical Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 122: Inclusions checklist
                • Exhibit 123: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 124: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 125: Research methodology
                • Exhibit 126: Validation techniques employed for market sizing
                • Exhibit 127: Information sources
              • 11.5 List of abbreviations
                • Exhibit 128: List of abbreviations
              • growth due to the increasing number of tests for infectious and chronic diseases: The incidence of infectious and chronic diseases has increased over the past decade. The outbreak of the COVID-19 pandemic in 2020 has increased the demand for laboratory testing for COVID-19 across the world. An increase in demand for laboratory testing for infectious diseases, such as COVID-19 and chronic diseases, will be a driver for the life sciences tools and services industry in the future. The growth of the tools and services industry will continue to be strong in emerging markets such as China and India. Developed economies such as Japan and the EU will exhibit moderate growth rates.
                • product development to decrease prices: As the pricing pressure increases, life sciences tools manufacturers will have to rethink product development processes. A value first product design philosophy can help control costs and deliver what customers value the most.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Neuroprosthetics market growth will increase by $4598.31 million during 2022-2026.
                  The neuroprosthetics market is expected to grow at a CAGR of 8.36% during 2022-2026.
                  Technavio has segmented the neuroprosthetics market by geographic (North America, Asia, Europe, and Rest of World (ROW)).
                  Abbott Laboratories, Boston Scientific Corp., BrainGate, Cochlear Ltd., EMOTIV Inc., HI LLC dba. Kernel, MED EL Elektromedizinische Gerate GmbH, Medtronic Plc, NeuroMetrix Inc., NeuroPace Inc., Nevro Corp., Paradromics Inc., SensArs, Sonova Holding AG, Soterix Medical Inc., Zynex Inc. are a few of the key vendors in the neuroprosthetics market.
                  North America will register the highest growth rate of 41.25% among the other regions. Therefore, the neuroprosthetics market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the neuroprosthetics market growth are:
                  • Rising prevalence of SCIs
                  • Increasing focus on research
                  The neuroprosthetics market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
                  • What are the key global market and the regional market share?
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